Corporate Governance Statement

Our Approach

Irish Continental Group’s approach to corporate governance is explained in our Corporate Governance report included within the 2017 Annual Report. This report also describes the roles and responsibilities of our Board and its Committees and the Group’s approach to risk management and internal control.

The main function of the Board is to provide strong strategic guidance and oversight of the performance of the Group on behalf of shareholders. The Board actively considers long term strategy and monitors and supports the work of the Group Executive Management team.

The role of the Group Chairman is to seek to ensure high quality decision-making in all areas of strategy and performance and to promote and maintain high-standards of corporate governance.

Corporate Governance Framework

The corporate governance structure at ICG is set out below.

Compliance

In compliance with the Irish Annex published by the Irish stock exchange and the UK Corporate Governance code (2014), the Board has established three committees;

Audit Committee,

Nomination Committee; and

Remuneration Committee.

The Board values corporate governance and this is reflected in the Group’s governance framework as well as by the principles, policies and practices that are applied every day across the Group. The corporate governance section of the 2017 Annual Report explains how we have applied the main principles of the UK Corporate Governance Code (2014) and the Irish Annex during 2017.

The Corporate Governance Report is available for download by clicking the link on your right.

We aim for success in our chosen markets, focusing on the provision of a reliable, timely and high quality experience for our customers. We will achieve success by anticipating our customers’ needs and matching those with superior services through constant innovation and the rapid application of new proven technology. We measure our success through the quality of our service, as seen by our customers, which should result in delivering sustained and profitable growth for the benefit of our shareholders